Should you use points to lower your mortgage interest rate? The answer is a resounding "maybe." A few important factors need to be considered first.
The second major category of mortgage frauds targets consumers. Foremost among these are foreclosure rescue and mortgage debt relief scams. These scams seek to take advantage of homeowners who are falling behind on their mortgages or property taxes and are afraid of losing their homes. These scams are of particular concern in a depressed economy when unemployment is rising.